Nowadays many people choose to be self-employed, rather than to work for a company or organisation. Why might this be the case? What could be the advantages and disadvantages of being self-employed?

Self-employment is becoming attractive nowadays. Many
people
prefer
this
path over being an employee. In
this
essay, I will discuss the pros and cons of being self-employed. An increasing number of individuals are moving away from working for companies and gravitate toward having their own
business
or working as freelancers. Being self-employed has many advantages.
First
, it gives the person flexibility regarding working hours.
For example
, if someone is working for a company, they will be committed to come to work at a certain time and leave at a certain time.
This
makes it hard sometimes to manage personal commitments, like dropping and picking up children from school.
Second
, having a private
business
can have unlimited potential for growing wealth.
For instance
, Jeff Bezos started a small company selling books online, and as Amazon grew in size, he became one of the richest
people
in the world.
Third
, some
people
don't like working for someone else and having a boss.
Hence
, self-employment gives them the opportunity to do what they like without the downside of being managed.
On the other hand
, there are several disadvantages of having your own
business
.
Firstly
, there is no regular stream of income ,especially at the beginning.
This
can be very frustrating for a household responsible to feed a family.
Secondly
, there is no clear career path.
This
ambiguity and lack of structure are not easy for anyone to manage.
Thirdly
, being employed by an organisation comes with many benefits which self-employed
people
are deprived of.
For example
, airline companies employees enjoy the perk of travelling on standby for free.
Moreover
, all companies offer health insurance which can be very expensive for someone managing their own
business
. In conclusion, self-employment can be very attractive for some
people
for the benefits discussed above.
However
, there are some drawbacks which makes some
people
uncomfortable with it. I believe both paths offer good potential and
people
should choose according to their preferences.
Submitted by mariam.elmenabawy on

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Topic Vocabulary:
  • self-employment
  • freelancing
  • entrepreneurship
  • autonomy
  • financial stability
  • work-life balance
  • financial insecurity
  • lack of support
  • resources
  • long working hours
  • uncertain income
  • job security
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